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ASX’s shock $44bn bounce-back
The S&P/ASX 200 Index rose 1.6% to recover about $40 billion after dip buying in technology and mining stocks boosted by company results and global market strength.
- On Monday, the S&P/ASX 200 climbed 139.3 points, or 1.6%, to 8848.1 at 12.02pm AEDT, recouping roughly $40 billion wiped out on Friday.
- Following Friday's Wall Street rally, the S&P 500 and Nasdaq gained 2% and 2.2%, while chipmakers including Nvidia and Advanced Micro Devices, bitcoin, and miners buoyed the rebound.
- Notable stock moves showed gains from Newmont, WiseTech Global, NextDC, Pepper Money and Web Travel Group, with all 11 ASX sectors higher in the session.
- Futures signalled about a 1.2% open, and analysts warned reporting season will keep Australian shares volatile as company results roll in.
- But risks remain after a 2% ASX plunge on Friday, with concerns about AI capital spending by Big Tech and US‑Iran tensions keeping investors cautious.
Insights by Ground AI
12 Articles
12 Articles
ASX 200 LIVE: ASX jumps 1.6pc; Web Travel rebounds 19pc, gold, silver rally
Bourse recoups $40b from Friday’s sell-off; Car Group rallies on result; Pepper Money confirms Challenger takeover bid; Seeks flags Zhaopin impartment; Web Travel reaffirms guidance. Follow live.
·Sydney, Australia
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Wall Street rebounds strongly and ASX set to rally
Wall Street rebounded on Friday as investors searched for bargains after the recent stumble. The ASX looks set to follow a similar pattern today. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Australia
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 37% Right
Bias Distribution
- 38% of the sources lean Left, 37% of the sources lean Right
38% Left
L 38%
C 25%
R 37%
Factuality
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